$ETH /USDT (BULLISH MOMENTUM)

Current Price: $2,404.84

ETH broke out from a triangular consolidation around $2,200–2,430 range.

Entry: Buy on pullback into $2,370–2,380

SL: $2,300 (below recent support trendline)

TP Levels:

TP1: $2,400

TP2: $2,450

TP3: $2,550

Rationale: Chart shows a breakout of triangle/consolidation pattern supported by increasing volume—classic breakout signal.

🛠 Strategy Notes

Volume Confirmation: Crucial—validating breakouts using volume is standard practice .

Patterns Used: Triangles, flags, pennants. Entry is just above breakout line; SL just below. TP calculated as pattern height added to breakout .

Indicators to Watch: RSI (ensuring not overextended); ADX >25 for trend strength .